The delay of US military aid to Ukraine is a central pillar of the impeachment inquiry underway against President Donald Trump. The president is being investigated for the alleged withholding of nearly US$400 million in Congressionally approved support to Ukraine in an implied quid…
ConocoPhillips has completed its previously announced transaction to sell two ConocoPhillips United Kingdom subsidiaries to Chrysaor for US$2.675 billion, plus interest and customary adjustments. The transaction was announced last April and the completion was announced on the 30th September. Together, the subsidiaries indirectly held…
Sabah Shell Petroleum Company Ltd has completed the Gumusut-Kakap Phase 2 project offshore Sabah. This phase involved the drilling of four subsea wells tied back to the Gumusut-Kakap semi-submersible floating production system (GK-Semi FPS). At peak production, the four wells are expected to…
SBM Offshore is participating in a competitive sealed-bid process to purchase the equity ownership in the leases and operating companies related to five Brazilian FPSOs owned by Serviços de Petróleo Constellation SA. The auction consists of the minority stake held by affiliated companies of…
Husky Energy Inc. has received required permit approvals to begin reconstruction of its 47,500-b/cd refinery in Superior, Wisconsin, after a fire which broke out at the site on the 26th April 2018. Demolition of damaged equipment resulting from the fire is now largely completed,…
After much speculation, ExxonMobil Corporation has signed an agreement to sell its non-operated upstream assets in Norway to Var Energi AS for US$4.5 billion, the oil and gas powerhouse announced on the 26th September. Rigzone first reported on a potential sale in late June,…
UAE-based Mubadala Petroleum is planning to drill up to two exploration wells and one side-track at its G1/48 (Manora) licence area with a final investment decision for the project slated for October 2019. The 2019 exploration drilling programme is expected to spud in November…
Total has completed the acquisition of Anadarko’s 26.5% interest in the Mozambique LNG project for US$3.9 billion. The transaction is part of Total’s agreement in May 2019 with Occidental to buy all of Anadarko’s assets in Africa (Mozambique, Algeria, Ghana and South Africa) for US$8…
Novatek, Mitsui OSK Lines Ltd, and Japan Bank for International Cooperation have signed a cooperation agreement confirming the companies’ interest in building LNG trans-shipment complexes in Russia’s Kamchatka and Murmansk regions. The Russian company said cooperation might include participation interests in projects and financing….
Siemens Gamesa Renewable Energy (SGRE) has begun construction of the world’s largest wind turbine blade test stand in Aalborg, Denmark. The site will be capable of performing full-scale tests on the next generations of SGRE rotor blades and is expected to be fully operational…
